Intech Investment Management LLC Invests $493,000 in Hub Group, Inc. (NASDAQ:HUBG)

Intech Investment Management LLC purchased a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,448 shares of the transportation company’s stock, valued at approximately $493,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new position in Hub Group in the 2nd quarter valued at about $26,000. Silicon Valley Capital Partners increased its stake in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 342 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Hub Group by 81.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 334 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Hub Group during the first quarter valued at approximately $38,000. Finally, Versant Capital Management Inc lifted its stake in Hub Group by 109.2% during the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock worth $47,000 after purchasing an additional 572 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HUBG shares. UBS Group lifted their price target on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. TD Cowen downgraded Hub Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $43.00 in a research note on Thursday, July 18th. Evercore ISI reissued an “in-line” rating and issued a $44.00 target price on shares of Hub Group in a report on Tuesday, June 25th. JPMorgan Chase & Co. lifted their price target on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research note on Tuesday, September 17th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.65.

Hub Group Trading Down 0.4 %

Shares of NASDAQ HUBG opened at $44.89 on Friday. The firm has a 50 day moving average price of $44.51 and a two-hundred day moving average price of $43.13. The stock has a market cap of $2.80 billion, a P/E ratio of 21.38 and a beta of 0.89. Hub Group, Inc. has a 52-week low of $31.73 and a 52-week high of $48.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. Hub Group’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. As a group, equities analysts forecast that Hub Group, Inc. will post 1.93 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio is currently 23.81%.

About Hub Group

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.